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The Whole World Is Staring Down The Barrel Of A Gun

In the aftermath of last week’s black swan announcement by the Swiss and on the heels of the ECB’s announcement that they are going to inject $1.3 trillion of stimulus into Europe’s beleaguered banking system and bond market, today former U.S. Treasury official, Dr. Paul Craig Roberts, warned King World News that the whole world is staring at the barrel of a gun as global collapse looms.

Eric King:  “The ECB just made the announcement that they are planning to inject $1.3 trillion in stimulus into the European banking system and bond markets.  What is this really all about?”

Dr. Paul Craig Roberts:  “Eric, we now have the yen being printed in vast quantities.  The Fed has supposedly stopped printing the U.S. dollar but it really hasn’t because during the period of quantitative easing the banks received $2.6 trillion.  All that money is available and will continue to be used to buy bonds.  Of course the Fed itself has $4.5 trillion on its balance sheet and as it receives interest payments it will also continue to buy bonds.

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